2252-2274 Morthland Dr - Storefront FOR SALE
Valparaiso, IN 46385 |
2252-2274 Morthland Dr
Valparaiso, IN 46385
HIGHLIGHTS
- Service oriented retail center shadow anchored by a Strack & Van Til Grocery Store (acquired by Hy-Vee in 2024), the dominant grocer in NW Indiana
- This multi-tenant retail opportunity is available for purchase with the adjacent Strack & Van Til Grocery Store, also marketed by Marcus & Millichap
- Optimal tenant mix with near term lease roll and below market rents
- 40% of the GLA is leased to Strack & Van Til (Hy-Vee), who is using the space as a commissary with a robust and integrated distribution hub
- Offered at $169 per square foot with several paths to profit by achieving income growth
- Positioned at a signalized intersection on US Highway 30 with visibility to 30,000 vehicles per day
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Coolwood Plaza - Grocery Shadow Anchored
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
24862
STORIES
1
YEAR BUILT
1978
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
64-09-27-226-008.000-004
